BSE Prices delayed by 5 minutes... << Prices as on May 02, 2016 - 11:13AM >>      ABB India 1281.45 [ -0.79% ]    ACC 1423.2 [ -1.37% ]    Ambuja Cements Ltd. 220 [ -0.41% ]    Asian Paints Ltd. 864.35 [ -0.43% ]    Axis Bank Ltd. 472.8 [ 0.12% ]    Bajaj Auto Ltd. 2474.05 [ -0.42% ]    Bank of Baroda 155.75 [ -1.42% ]    Bharti Airtel 359.6 [ -1.15% ]    Bharat Heavy Ele 125.3 [ -0.08% ]    Bharat Petroleum 972 [ -0.69% ]    Britannia Ind. 2850.25 [ -0.24% ]    Cairn India Ltd. 147.7 [ 1.90% ]    Cipla 542.6 [ 1.04% ]    Coal India Ltd. 288.35 [ 0.44% ]    Colgate Palm. 844.05 [ 0.31% ]    Dabur India 283.45 [ 2.87% ]    DLF Ltd. 128.9 [ -0.39% ]    Dr. Reddy's Labs 3036.95 [ -1.85% ]    GAIL (India) Ltd. 359.8 [ -0.14% ]    Grasim Inds. 4055.3 [ -0.71% ]    HCL Technologies 742.85 [ -1.01% ]    HDFC 1083.85 [ -0.45% ]    HDFC Bank 1125.15 [ -0.73% ]    Hero MotoCorp 2898.65 [ -0.09% ]    Hindustan Unilever L 859.9 [ -0.78% ]    Hindalco Indus. 98.95 [ 2.70% ]    ICICI Bank 226.6 [ -4.23% ]    IDFC L 43.45 [ -2.58% ]    Indian Hotels Co 103.7 [ -1.38% ]    IndusInd Bank 1051.05 [ 0.18% ]    Infosys 1201.75 [ -0.75% ]    ITC Ltd. 320.65 [ -1.28% ]    Jindal St & Pwr 70.6 [ 1.00% ]    Kotak Mahindra Bank 723.3 [ 1.08% ]    L & T 1242.1 [ -0.91% ]    Lupin Ltd. 1618.2 [ 0.65% ]    Mahi. & Mahi 1326.45 [ -0.40% ]    Maruti Suzuki India 3802 [ 0.19% ]    MTNL 19 [ 3.83% ]    Nestle India 5770 [ 0.46% ]    NIIT Ltd. 81.65 [ -1.92% ]    NMDC Ltd. 96.3 [ 0.73% ]    NTPC 136.1 [ -1.95% ]    ONGC 217.9 [ 0.00% ]    Punj. NationlBak 85 [ -2.41% ]    Power Grid Corpo 142.85 [ -0.42% ]    Reliance Inds. 987.4 [ 0.49% ]    SBI 187.45 [ -0.79% ]    Vedanta 106.55 [ 2.70% ]    Shipping Corpn. 69.6 [ -0.43% ]    Sun Pharma. 811.4 [ 0.01% ]    Tata Chemicals 413 [ 1.71% ]    Tata Global Beverage 119.3 [ -0.50% ]    Tata Motors Ltd. 405.65 [ -0.78% ]    Tata Steel 346.95 [ -1.03% ]    Tata Power Co. 70.6 [ 0.07% ]    Tata Consultancy 2504.95 [ -0.99% ]    Tech Mahindra Ltd. 478 [ -1.89% ]    UltraTech Cement 3164.7 [ 0.07% ]    United Spirits 2366.95 [ -0.30% ]    Wipro Ltd 549 [ -0.85% ]    Zee Entertainment En 415.25 [ 0.08% ]
  • Unmatched Expertise
    in Providing Financial Services

  • Mobile Trading
    Equity Trading on your Mobile

  • A Transparent Access to
    Indian Equity Markets

  • An Investment in Knowledge
    pays the Best Dividend


Meet our Founder, Col Handa


Col. Rajinder Handa


After guarding India’s borders for 27 years
and risking his life for the country,
senior retired Army officer Col. Rajinder Handa,
75, our Founder and Chairman, forayed into
the field of stock broking in 1993, founding
CSB (Col's Stock Broking House), then known as
SIC (Service Investment Center).

icon1 army_logo


We are the brainchild of Col. Handa who founded CSB as a corporate member with all leading exchanges of india under the name of SIC in Bangalore in 1993 after giving the Indian Army 27 faithful and loyal years. The year of our birth- 1993

Stepping into Uncharted Territory


Starting out as a sub-broker under the name of SIC in 1993 in Bangalore, we have come a long way in the past two decades. Over the years, SIC has gained widespread presence across the country, earning access to membership of the country’s top stock exchanges and diversifying into a range of financial solutions to offer our clients the best financial advice and products tailor-made to their needs. We are present in Bangalore, Mumbai, Whitefield, Ahmadabad, New Mumbai.


By founding CSB, Col. Handa has claimed the honour of being the only person from an Army background to have earned a membership in the country’s leading stock and clearing exchanges including the NSE, BSE, BgSE and CDSL, showing his tremendous entrepreneurship, leadership and innovation skills, which have helped him make a mark in a field that had been unexplored by any Army or Defence person before.

" If you want swashbuckling action in your life, become an entrepreneur and give it a go, "

Richard Branson, English businessman and investor, and the founder of Virgin Group.


Accomplishing a rare feat, our founder Col. Handa is the only ex-Defence personnel from India to have successfully established a reputed broking business, which has earned unparalleled trust among its clients.

" The first step to getting anywhere is deciding you’re not willing to stay where you are "

Launching CSB


After 22 years in the stock broking business, we have decided to change our brand name from SIC to CSB.
As a part of our brand buildng strategy , to give our domestic broking firm a makeover, whilst retaining our core values and principles ,
of Discipline, Integrity amnd Transpanrency ,Inheriting the strength from brand SIC and moving to brand CSB.
Our new brand name reflects our unique Defense services background and its ethos, which has contributed immensely
to the values and vision of our firm. CSB owes its success to Col. Handa’s tireless efforts,
while his experience in serving the Army has been invaluable to our firm.




Thanks to our Chairman’s Defence background, we have inherited the core values of Indian Army,
which include discipline, transparency and integrity. We help our clients adopt a disciplined and
time-oriented approach to investing while transparency and integrity are among the other core values
which we have inherited from our history and background. This makes us stand out from other broking
institutions as we provide advice and investment products which are first and foremost in the
best interests of our clients. More than two decades of Col. Handa’s hard work,
commitment, leadership, never-give up spirit and discipline
all values inbred in successful Defence personnel, has catapulted
CSB among the country’s well-recognized stock brokerages, having a pan India presence.

Why choose CSB

  • Best in the Business

    We are among the leading stock brokerages in the country, having a presence across major metros including Bangalore, Mumbai, Ahmadabad, and New Mumbai.

  • Trusted brand name

    We bring over 22 years of proven experience of trading in the stock markets and creating wealth for our customers. So, you can entrust us with the responsibility of fulfilling your financial goals and making money in stocks.

  • Growing client base

    We have the honour of serving more than 50,000 clients and handling more than 1,000 trades per day, with the numbers increasing by the day.

  • Managerial expertise

    With Col. Handa, an Army veteran who has been handling stock broking, company and financial products for more than 20 years, at the helm of affairs, your money is in trusted hands.

  • Superior services

    We have the highest standards of services in the domestic brokerage industry.

  • Competitive edge over other brokerages

    Our focus on quality, and not quantity, in servicing helps give personalized attention and focus to each one of our customers and offer them exclusive, and tailor made services and financial products best suited to their needs. USP over other brokerages Our unique size allows us to render specialized focus and attention to each of our clients, understanding their needs and offering them personalized and customized services.

  • Low brokerage rates

    At CSB, you can be assured of seamless and unrivaled trading experience at the most competitive rates.

  • Adding value to your investments

    We help bring value to every customer by offering
    • Cutting edge research
    • Speedy trade execution
    • Cherry-picking stocks and investments that suit your risk profile
    • Unparalleled investment advice
    "An investment in knowledge pays the best interest" - Benjamin Franklin, author of 'The Way to Wealth'
  • Investment boutique

    One-stop shop for all your financial needs.
    • Equity
    • Derivatives
    • Mutual Fund
    • Debt Market
    • IPO
  • Unrivaled research

    Our in-house research team is the best in the business and is specially trained and experienced in stock market research. Come, bank on our team of equity and financial advisors which help cherry pick potentially rewarding stocks.

  • Power-packed equity services

  • Core Services

    • Trading in BSE
    • Trading in NSE
    • Easy trade for multi-exchange users/traders


  • Flash News
  • Intra Day Calls
  • Intra-day & historical charts
  • Call n trade from anywhere
  • SMS Alerts
  • Real time trade confirmation via SMS
  • Portfolio Tracker
  • World Market updates
  • ECN facility
  • Web-enabled Back Office
  • Centralized Help Desk



Corporate Membership BgSE


Corporate Membership NSE


Corporate Membership - MCX


Corporate Membership BSE


Depositary Participant- CDSL


Global Broking Company

2001 Corporate Membership BgSE
2004 Corporate Membership BSE
2007 Corporate Membership NSE
2008 Depositary Participant- CDSL
2011 Corporate Membership - MCX
We serve you better than anyone else can, thanks to our superior value system owing to our unique background

Vision and Mission


AT CSB, customer satisfaction is not enough.
We believe in "Customer Delight" and our team continuously strives to achieve it.


While most brokerages adopt a Push strategy to attract customers,
we at CSB believe in a PULL approach. We actively practice this by educating our prospective and current clients of their investment needs and then offering them products which we feel are best suited to them.
Over the years, our clients have entrusted us with the responsibility of fulfilling their financial goals, and we have always endeavored to repay their faith and trust to the best of our ability, putting their interest above everything else.
At CSB, we believe in doing the right thing, sticking to our core value of Integrity, acquired from our promoter’s Army background. Abiding by the principle of transparency and honesty, we believe in full disclosure of dealings and information to our clients, a value which has helped us win their trust. Just as discipline is at the heart of every Army personnel, CSB helps its clients incorporate a disciplined and time-oriented approach to investing, enabling them to meet their financial goals.

We follow a trust-led PULL approach as compared to the competition who Push products to clients regardless of their needs.

People Likeabout_csb_logo

I’ve been associated with SIC, now known as CSB, since 1999 and learned about the markets and its intricacies from them. My experience with the company is unforgettable. The dealers are friendly. The research data of CSB is exhaustive, and this wealth of information available has helped me make profitable decisions which have eventually led to an amazing trading experience. CSB takes care of every small detail and its recommendations have led me to enhance my overall understanding and familiarity with the markets. Thank You for being a great financial friend!

Eq_test_1 Mr. Ashwatha Narayana S (A063)

In my 19-year old association with CSB, the numerous changes have been made both to my investment and CSB has met my requirements extremely well each time, managing my portfolio during both good and bad periods. I have witnessed the company’s worthwhile journey from SIC to CSB. The company has consistently worked in my best interests to mitigate risk and enhance my portfolio returns. CSB has my utmost trust and I would recommend it to anyone looking for a consummate investment company.

image Mr. Nisar Ahmed Nazeer

My relationship with CSB is now about 22 years old. Since 1993, I have been an extremely happy and satisfied clint and can vouch for its services. Its user friendly website has allowed me to make my transactions seamless. The unique and informative content, which is updated regularly, makes it easy for the investors to understand their products which are a big plus for the first timers. Their innovative approach towards trading also adds some generous value to the traders. Today, I can blindly recommend CSB to all my near and dear ones.

image Ms. Ruby Talukdar (Code: r018)

I have been associated with CSB since 2007 and find it extremely useful as it allows me to keep myself updated about the markets, both domestic and global. It provides a strong platform that gives a ready access to research, and also allows performance tracking in a hassle-free manner. Lastly, its safe and secure payment gateway is very convenient to use. Guys, keep up the good work!

image Mr.John P I (Code: J017)



Today's Market

Nifty Metal

Market performance

CompanyLTP% ChgVolume
SHRIRAM ... 1058.00 12.12 115
UPL 584.70 8.61 475
CHOLAMAN... 842.00 5.80 13
GSFC 77.50 4.45 260
M&M FIN.... 312.35 4.29 127

Advance & Decline

Nifty Metal

Get Company Information


Nifty Future


SymbolExp.DateLast PriceGain %
ADANI ENTER 30/06/201685.4013.34
SHRIRAM TRNS 26/05/20161037.759.42
UNITED PHOS 30/06/2016588.409.27
SHRIRAM TRNS 30/06/20161042.559.17
UNITED PHOS 26/05/2016587.608.57
SymbolExp.DateLast PriceGain %
IDEA 28/07/2016115.60-10.28
ORIENTALBANK 28/07/201690.00-5.26
ICICI BANK 30/06/2016223.85-4.62
ICICI BANK 26/05/2016227.50-4.53
NTPC 30/06/2016136.45-3.36


SymbolExp.DateLast PriceGain %
ICICI BANK 26/05/2016227.50-4.53
GMR INFRA 26/05/201612.55-1.57
SESA GOA 26/05/2016106.902.25
DLF 26/05/2016129.50-0.61
RCOM 26/05/201657.251.15
SymbolExp.DateLast PriceGain %
ICICI BANK 26/05/2016227.50-4.53
UNITED PHOS 26/05/2016587.608.57
YES BANK 26/05/2016947.000.38
MARUTI SUZUK 26/05/20163816.55-0.11
SHRIRAM TRNS 26/05/20161037.759.42

High/Low - Open Interest

SymbolExpiry DateLast Price(Rs.)Open Int.
GMR INFRA 26/05/201612.55204321000
UNITECH 26/05/20164.85187110000
IDEA 26/05/2016116.5538031000
JINDALSTLPOW 26/05/201670.7539984000
SymbolExpiry DateLast Price(Rs.)Open Int.
NHPC 26/05/201620.7565502000
ADANI POWER 26/05/201632.8572580000
UNION BANK 26/05/2016126.9011607000
COAL INDIA 26/05/2016288.6522056000
Mutual Fund


SchemeNAV Amount% Ann. Return
SUNDARAM STENTOP... 20.466613.26
SBI SMALL & MIDCA... 34.134813.21
SUNDARAM STENTERO... 20.103413.19
SUNDARAM STENTER... 19.840412.97
SUNDARAM RURALIND... 28.029812.22
SchemeOpen DateClose Date
RELIANCE DUAFTF IXC 20/04/201602/05/2016
HDFC FMP1098D APR161 20/04/201603/05/2016
UTI CPOS SVII-IV 20/04/201604/05/2016
HDFC FMP1153D APR16 25/04/201604/05/2016
ICICIPRUFMPS791218A 28/04/201604/05/2016





"Investors should remember that excitement and expenses are their enemies.
And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."
- The Sage of Omaha, Warren Buffett

Gain an edge in equity markets with CSB

At CSB, we are driven by the intent to create wealth for our investors. But, wealth creation is easier said than done. More than ever before, the last few years of equity market rollercoaster have shown the transient and unpredictable trait of equity markets globally. But, equities also present an unparalleled opportunity to create long-term wealth, as the celebrated example of the world’s most successful investor-ever, Warren Buffett, shows.

Investing in equity can pull higher returns than any other form of investment, provided they are wisely chosen and retained. Equity acts as a hedge against inflation, helps create long-term wealth, and offers liquidity and diversification across asset classes.

Better known as the Father of Value Investing, Benjamin Graham once said,
“There are two rules of investing, the first rule is don’t lose. The second rule is don’t forget rule number one.”


These two rules are deeply imbibed in CSB by its founder and a senior retired Army officer Col. Rajinder Handa. He has the honour of being the only person from an Army background to have earned a membership in the country’s leading stock and clearing exchanges.

Led by the core values of Indian army namely discipline, transparency and integrity, CSB has formed lasting relationships with its clients, enabling them to profit from market opportunities, by ‘sweating’ their hard-earned money. CSB extends proven online trading know-how, honed over years of its operations, spanning various exchanges and market segments through a native platform.

What will any of our long-standing clients say if you spoke to them on why CSB should be your ‘Broker of Choice’ ?
While, they would cite a number of reasons on why they have stayed with CSB over the years, three underlying qualities of CSB will stand out:


With senior retired Army Officer Col. Rajinder Handa as CSB’s Founder and Chairman, trust is deeply embedded into how we conduct our business and transaction with valued clients. As a result, word of mouth recommendation from our existing clients remains the most frequent (and preferred) way of growing our clientele.


With over 22 years of experience in the capital markets, CSB is among India’s leading financial services institutions with well-established domestic and global operations. We take a unique Boutique Approach to investing, where our clients get the personalized attention and care that only a smaller financial services house can provide, BUT, with the market experience, presence, and infrastructure comparable to that of larger financial services entities.


Consistent with the belief that bigger does not necessarily mean better and every investor has unique needs, we are focused on value, not cost. In line with this belief, CSB offers customized brokerage plans and allows you to choose a plan that fits your trading style, pattern, and investing needs.

CSB assures you complete control over your need to scrutinize thorough information, gauge investing schemes, keep an eye on your investments, allot portfolios and have quick online access to your trading reports anytime, anywhere.

CSB believes in the mantra – Discipline - Transparency – Integrity, and offers a matchless trading experience that translates into sound investment decisions.



Investing through stock markets opens your window to an unexplored world!

When a company issues equity to the public for the first time, it is called an Initial Public Offer (IPO). Quite understandably, the decision to invest or not can be very tricky for an investor due to lack of historical information on the company, and its future growth prospects.

This is where CSB steps in with its cutting-edge research and analysis that helps you choose the right company with the apt fundamentals. The main source of information in IPOs is the Red Herring Prospectus, which is thoroughly examined by CSB’s research team and special attention is paid to the management team and its plan to use the funds generated from the IPO.

In addition, CSB has developed a proprietary analytical framework, the IPO Money Meter, to estimate and forecast the money-making potential of an IPO- on listing, and in the medium and long term. This unique framework has been tested and refined over the years, significantly enhancing its accuracy, and has generated extraordinary returns for thousands of investors.

  • WHY CSB ?

    Investing in IPOs made easy, and rewarding, with CSB!
    • With CSB it’s fast, easy and as simple as calling a friend for help! You can seamlessly apply to the latest public offerings with just a few clicks.
    • The success of CSB has been a result of immense understanding of the Primary Markets, a wide network across India and a dedicated research team that provides clients with in-depth overviews of forthcoming IPOs as well as tailor-made investment recommendations.
    • CSB has simplified the process of application for an IPO. Now investors can apply for IPOs with a single click or a call based on their convenience.
    • CSB also lists out news linked to the IPO’s including allotment status, listing dates etc. The experienced and well-qualified research analysts offer fundamental research on all the open IPOs.

Mutual Fund


Diversify your Portfolio with CSB

Buying a mutual fund is like buying a small slice of a pizza. The owner of a mutual fund unit gets a proportional share of the fund’s gains, losses, income and expenses. Generally, mutual funds are acknowledged as an investment option providing low risk and moderate returns. Mutual Funds are liquid in nature and are easy to sell. They are registered with SEBI and hence, well-regulated.

Mutual funds offer a wide bouquet of investment options to investors – equity schemes, fixed income schemes, money market schemes, hybrid schemes, Exchange Traded Funds (ETF) etc. But, this choice, running into hundreds of mutual fund schemes in each category, can be mindboggling. Investors want to spend the least time, experience zero hassle, and generate relatively secure returns when they are investing through mutual funds.

Acknowledging this need, at CSB, we take an approach to mutual fund investing, which is unique in three ways. One, it is customized to the risk appetite and investment needs of the investor. Two, our experienced analysts are continuously identifying hidden, below-the-radar investment opportunities which can provide higher returns. And, three, we evaluate mutual funds going beyond the conventional metrics of NAV-based total returns to provide a 360-degree view of fund performance.

  • WHY CSB ?

    • INHOUSE RESEARCH: At CSB, Mutual Funds offerings are backed by solid research and expert advice from market-recognized consultants.
    • PAPERLESS TRANSACTION: CSB also offers paperless investing experience allowing investors to purchase and redeem the MF units online.
    • CUSTOMIZATION: CSB also allows portfolio reconstruction by allowing you to make changes in it. The research team helps you in rearrangement based on your profile.
    • VALUE-ADDED SERVICES: Investors are kept abreast with the latest information related to the markets and schemes through offer documents and annual reports.

Currency Derivatives


In simple words Currency Derivatives are transferable futures contract that specifies the rate at which currency can be bought or sold at a future date

High Profits @ Low Cost: At CSB, we always have our eye on the ball.

Currency has progressed into an unfailing asset class due to its deep liquidity, relatively low volatility and low-cost per trade. It is a unique product and helps in hedging the portfolio against the future risk. At the same time, derivatives are used constructively for arbitrage and speculation too.

Let’s look at the benefits in detail.

  • It is a new asset class for diversification of investments for all resident Indians.
  • It allows investors to hedge against losses
    • Importers and exporters can hedge their future payables and receivables,
    • Borrowers can hedge foreign currency loans for interest and principal payments
  • Currency futures can be used by the investors to speculate on the short-term movements in the market.
  • It opens up trading opportunities because of its unpredictability and diversity.
  • It offers exceedingly transparent rates to traders as it is exchange-traded.
  • WHY CSB ?

    CSB is one of the few broking houses who offers this product. Following are few of the benefits that you would enjoy as a customer of CSB
    • CSB allows trading of currency derivatives, equities and MFs on a single trading platform.
    • We offer exclusive research reports for currency derivatives trading to help you take educated decisions.
    • With CSB you can place buy or sell orders even through internet or over the phone.
    Presently, only Futures contracts in Currency derivatives have been introduced in India. Trading in Currency derivatives through CSB will hence be presently offered in Futures contracts only.

    NEVER accept "conventional wisdom" when it comes to finance. If others keep failing, why do you want to follow them ? Currency Derivatives are often misunderstood and are plagued by numerous myths. While entering the world of derivatives, you must follow the above quote by a renowned financial expert.

    The charm of the currency derivatives market has to do with the availability of opportunities for investors with strong will power and passion to make money in the market. Moreover, the futures market transactions have the possibility of a greater return compared to the other forms of investment. This is due not only to the leverage effect, but also to the lack of transaction costs taking the floor when trading on the underlying asset market.

    Reasons derivatives should be preferred by investors are:
    • Risk is Pre-defined: Derivatives consist of a small monetary obligation and the risk is cut down since the price is set in advance.
    • Hedging: It is a popular financial instrument used for hedging, a method of reducing risk.






Indian equities are likely to witness a soft opening today tracking flat SGX Nifty ad weakness across Asian peers. SGX Nifty, an indicator of the market opening was trading marginally higher by 1.5 points or 0.02% at 7,568 at 10:57 am Singapore time signal that Dalal Street may witness a marginal gap up opening. Meanwhile, Asian stocks fell today tracking a weak handover from Wall Street overnight on rising fears over the global economy slowdown, thus deteriorating damped demand for riskier assets. Japan’s Nikkei was down 0.6% after the yen rose to a 17-month high against the dollar. China’s Shanghai Composite retreated led by dips in consumer and energy shares. Back home, caution ahead of the fourth quarter earnings numbers from India Inc. starting next week may continue to weigh on local bourses. On the stock specific front, State Bank of India (SBI) and ICICI Bank would remain in focus as the banking majors on Thursday slashed their home loan rates by 0.10 percentage points to 9.4% following implementation of a new interest rate calculation regime mandated by RBI. Moreover, shares of National Buildings Construction Corporation Ltd is expected to remain in focus as the company announced that it has bagged total business of Rs. 226.96 crore (approx.) in the month of March 2016 under Project management Consultancy (PMC) segment.

Read More
SIC PAR Update

Suprajit Engineering Ltd


The consolidated financial results are not comparable year on year basis due to the acquisition of Phoenix Lamps. The consolidated net sales of SEL in Q3FY16 witnessed a robust growth of ~60% YoY to Rs. 260 Crores while, the adjusted PAT grew by 97% to Rs. 23.5 Crores due to higher other income. The sharp rise in other income (525% to Rs. 7.8 Crores) was primarily due to capital gains from current investments. In its standalone operations, net sales of SEL in Q3FY16 increased remarkably by ~13% YoY to Rs. 158 Crores largely driven by market share gain in 2W segment along with steady growth in 4W OEM segment and healthy exports. In line with decent growth in sales coupled with benign commodity prices, the EBITDA increased by 20.8% YoY to Rs. 28 Crores, resulting in 117 bps expansion in EBITDA margin to 17.9%. The net profit of the company rose ~35% YoY to Rs. 16.3 Crores reflecting decent operating performance and higher other income.

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Apollo Hospitals Enterprise Ltd


Apollo Hospitals Enterprise Ltd. (AHEL) is India’s largest private healthcare services provider with a network of 9,064 beds spread across the country. In FY15, AHEL derived 64% & 34% of its turnover from healthcare services & pharmacy segments respectively. With improving healthcare affordability, changing disease patterns, greater health awareness and rising insurance coverage, we expect the Indian healthcare market to grow at a CAGR of 13% to Rs. 6,850 bn over FY15-FY20E. Being the market leader in hospitals and pharmacy space, AHEL is well placed to tap this opportunity.

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Indian Pharmaceutical sector


The Indian Pharmaceutical sector is one of the fastest growing sectors in India. The sector is the third largest in terms of volume and thirteenth largest in terms of value. It has grown at a CAGR of 17.5% during 2005-2015 and is projected to grow at a CAGR of 15.9% to reach USD 55 billion by the year 2020. India’s low cost of production as compared to the other key international markets viz. - US and Europe, gives it a competitive edge to India over others. The country also has a large pool of scientists and engineers who have the potential to steer the industry ahead to an even higher level. Hyderabad, Mumbai, Bangalore and Ahmedabad are the major pharmaceutical hubs in India. Branded generics dominate the pharmaceuticals market, constituting nearly 70-80% of the market. India is the largest provider of generic drugs globally with the Indian generics accounting for 20% of global exports in terms of volume. Moreover, the Indian pharma companies derive a large chunk of their revenues from exports.

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SGX Nifty Future ended the week lower as S&P’s warning over a deterioration in China’s credit profile weighed on investors' sentiments. However, the index managed to recoup most of its losses after Fed Chair Janet Yellen signaled caution over raising interest rates in the near‐term amid worries over a global slowdown hurting growth in the world’s biggest economy. On weekly charts, the index has formed a long legged doji candle, indicating indecisiveness among market participants. Meanwhile, the long lower shadow also suggest that trader are using every correction to build fresh long positions. Further, strength above its immediate resistance of 7850, the index is expected to remain in a positive trajectory and extend the current pullback towards 8080 in the coming weeks. On the lower side, the index has immediate support at 7550 level, decisive breach of 7550 will signals an extended selling pressure towards 7200 in the near term. SGX Nifty future April 2016 contract ended lower 0.07% or 6 points to close at 7745, with premium of 32.5 points over NSE India spot. SGX Nifty April 2016 futures have moved in a range of 208 points during the week’s trade, touched an intra‐day low of 7597 on Mar 29 and an intra‐day high of 7805 on Apr 01. On the global front, investors’ focus will be on US factory orders (MoM) for February on Monday, 4th April 2016 followed by Reserve Bank of Australia’s interest rate decision on Tuesday, 5th April 2016 coupled with ISM Non‐manufacturing PMI for March on the same day. Further, Caixin China Services PMI (Mar) data is due on Wednesday, 6th April 2016. Moreover, US continuing jobless claims data (March 25) is due on Thursday (7th April 2016).

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Business Associates

"Connect & Grow by Hitching Your Wagon to a Star"

If you want to make your mark as an entrepreneur in the world of investing, be a part of the growing CSB franchisee family!

CSB is registered as a national Broker and is a long-standing member of the NSE and the BSE. The fully-integrated financial services firm follows a boutique investing and client servicing approach, and offers an extraordinary opportunity to entrepreneurs by listing them as Sub-Brokers and Authorised Person. CSB provides complete know-how and technical expertise, using which the Sub-broker can provide an attractive variety of financial products in several asset classes- Equity, Derivatives, IPO, Mutual Funds and DP services.

By partnering with CSB as a Business Associate, you and your clients will have assured peace of mind. So, you can devote your energies towards making the best use of your earning potential. CSB ensures that its trust-driven, high-returns business model and years of expertise give you the desirable edge over other Sub-Brokers, thus helping you establish and build a loyal client base.

  • CSB Value Proposition : A Win-Win for All

      Joining hands with brand “CSB” will mean an association with a trustworthy and dependable brand in the industry. CSB is more than just a broker and is driven by the spirit of entrepreneurship, creativity and commendable business ethics. As a financial intermediary, CSB has made a name for itself, with growing presence both in India and overseas.

      While continuing to provide trusted support and advice, CSB allows its Business Associates & their clients to assume charge of their financial prospects, thus assisting them to nurture their net-worth. CSB believes in building a Win-Win relationship with them.

      At CSB, you will be presented with a cutting-edge trading platform and one of the best back-office support systems in the industry. CSB has an ever growing network of business associates spanning all major cities and towns of India.

  • Our Edge
    • Multiple Product Portfolio: CSB offers a wide array of investment solutions and broking strategies with attractive pricing, which will support you and enable you to maximize your earnings, while enhancing the trust that your investors have in you.
    • * Research: CSB has tied up with SIC Global Research & Advisory Services which offers a bouquet of value-added research products, ranging across fundamental and technical research, allowing you to help your clients benefit from market opportunities, present and future.

      *As per the SEBI guidelines

    • Training and Development: CSB understands the needs of Business Associates and hence offers business development support, product training, client acquisition support, client interaction sessions and much more.
    • Business with conscience: CSB’s founder Col. Handa is an ex-Defence personnel from India who lives by Integrity-Commitment-Transparency and hence the organisation adheres to strong ethical and compliance practices.
    • Marketing Support: We will help you to brand your store and support its growth. CSB’s centralized marketing team helps you acquire and retain clients. We also have social media (both Facebook & Twitter) presence and would help you to engage with the right audiences with valuable content. Our blogs are constantly updated and we consistently share insight and provide value every time you connect with your customer. Our Digital marketing initiatives will augment your efforts, allowing you to engage a broader audience to nurture your business.
  • Join Us

      When you join hands with CSB, you have an option to be associated with us as an Authorized Person or a Sub-broker (details mentioned below):

      S. No. CSB Preferred CSB Authorized Person CSB Sub-Broker
      1. BSE/NSE --- No registration
      Registration with CSB must
      BSE/NSE --registered
      Authorized Person
      BSE/NSE /SEBI– registered Sub broker
      2. Nil Deposit Refundable Deposit of Rs.25000/- only Refundable Deposit of Rs.100000 /-only (per exchange)
      3. Sharing ratio: 80:20 Sharing Ratio 50:50 Sharing ratio: 40:60
      4. Publicity material – Brochures,Flyers, Account Opening Kit etc., * Publicity material –Brochures, Flyers, Account Opening Kit etc., * Publicity material – Brochures,Flyers, Account Opening Kit etc.,*
      5. Free Global – Research & Advisory Free Global – Research & Advisory Free Global – Research & Advisory
      6. CSB DP services CSB DP services CSB DP services
      7. Free Multi Exchange trading platform /Mobile app* Free Multi Exchange trading platform /Mobile app Free Multi Exchange trading platform
      8. CSB Registration fee : Free Actual BSE/NSE Registration fees + CSB registration fee Rs.1500/- Actual SEBI Registration fees + CSB registration fee Rs.1500/-
      9. Margin – responsibility of CSB Margin – responsibility of Authorized person Margin – responsibility of sub broker
      10. 24/7 web enabled backoffice support only to client 24/7 web enabled backoffice support 24/7 web enabled backoffice support
      11. In-house single CSB no. 7676922922 for client In-house single CSB no. 7676922922 with official email id In-house single CSB no. 7676922922 and official email id, Extn. No.
  • Client Testimonial

      Mr. Prem


      It's a great pleasure to work with CSB, formerly known as SIC, as a Business Associate since 2002. CSB offers a strong Risk Management System which helps its clients in all kinds of market situations.

      My association with CSB has been a learning experience and it has only added to my knowledge. Their strong research team gives us helpful recommendations. It’s all because of CSB that today I have a loyal and satisfied clientele.


"Your wings already exist.
All you have to do is
FLY with CSB "



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Sic Stocks & Services Pvt Ltd

#501 Prestige Meridian 2
30 MG Road, Bangalore 560 001

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SIC Stocks & Services Pvt. Ltd

#1013, 10th Floor, P J Towers, Dalal Street,
Mumbai - 400001, India


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